user
Write a response that appropriately completes the request.

### Instruction:
List five factors that influence the cost of producing a good.

### Response:
assistant
1. Raw materials: The cost of raw materials is one of the biggest drivers of production cost.
2. Labor: The cost of labor includes wages, taxes, benefits, and overhead.
3. Overhead costs: Overhead costs include rent, utilities, insurance, and other common expenses.
4. Equipment: The cost of machinery and other equipment used in production can significantly increase the cost.
5. Taxes: The cost of taxes, both at the local and federal level, can impact the cost of producing a good.